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Stock impact report

China Stocks Rebound Cools as Earnings Disappoint, Yuan Weakens [Yahoo! Finance]

Li Auto Inc. - American Depositary Shares (LI) 
Company Research Source: Yahoo! Finance
(Bloomberg) -- Chinese stocks declined Friday and were set to halt a five-week rally, weighed down by losses in Hong Kong-listed technology shares and a slew of disappointing earnings reports. Most Read from Bloomberg NY Gears Up to Seize Trump Westchester Assets If Fraud Fine Is Unpaid Baltimore Wants to Sell Hundreds of Vacant Homes for $1 Each Yemen's Houthis Tell China, Russia Their Ships Won't Be Targeted What Happens If Trump Can't Post His $454 Million Bond Reddit Soars 48% in Debut as AI Pitch Gets Warm Reception The benchmark CSI 300 Index fell as much as 1.6%, on pace for its biggest drop since January, and the Hang Seng Tech Index tumbled as much as 4.4%. Equities were also hit by the sudden drop in the yuan to a four-month low. The rebound in Chinese equities that started in early February appears to be running out of steam, with investors seeking strong corporate performance for the rally to sustain. Earnings performance so far has done little to allay in Show less Read more
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